Kristyne McDaniel wrote: > You know, anything that allows you to take your income as passive (rental or > dividend) income rather than as wages lowers your tax bill. Paying yourself > rent, having your company buy/lease your car, paying yourself dividends -- > all are good ways to reduce the tax bite. > > My own strategy is to pay myself a salary, and have the rest come in as > passive income. Of course to do that you need to have enough regular income > to at least cover the salary every month. But usually that can be arranged > if you structure your salary to yourself well. > Do you have to be incorporated to do the above? I thought you had to be to take advantage of these strategies.
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